PRINCIPALIS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
PRINCIPALIS
Largest movements
- Tangible fixed assets -€14,680
down €14,680 (-53.2%), from €27,617 to €12,936
of which Furniture and vehicles: -€13,628
- Receivables within one year +€6,573
up €6,573 (+50.0%), from €13,144 to €19,717
of which Other amounts receivable: +€8,441
- Deferred charges and accrued income +€2,274
new in 2025: €2,274
- Trade debts -€2,860
down €2,860 (-79.4%), from €3,601 to €741
- Reserves -€2,019
down €2,019 (-1.3%), from €153,387 to €151,368
- Gross operating margin -€30,963
down €30,963 (-48.5%), from €63,788 to €32,825
- Taxes -€8,378
down €8,378 (-56.8%), from €14,747 to €6,369
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €172,791 | €166,185 | -€6,607 | -3.8% |
| Fixed assets | 21/28 | €27,617 | €12,936 | -€14,680 | -53.2% |
| Tangible fixed assets | 22/27 | €27,617 | €12,936 | -€14,680 | -53.2% |
| Furniture and vehicles | 24 | €23,398 | €9,770 | -€13,628 | -58.2% |
| Other tangible fixed assets | 26 | €4,219 | €3,166 | -€1,052 | -24.9% |
| Current assets | 29/58 | €145,175 | €153,248 | +€8,074 | +5.6% |
| Amounts receivable within one year | 40/41 | €13,144 | €19,717 | +€6,573 | +50.0% |
| Trade receivables | 40 | €13,144 | €11,276 | -€1,868 | -14.2% |
| Other amounts receivable | 41 | - | €8,441 | +€8,441 | |
| Current investments | 50/53 | €60,237 | €60,237 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €71,794 | €71,020 | -€773 | -1.1% |
| Deferred charges and accrued income | 490/1 | - | €2,274 | +€2,274 | |
| Total equity and liabilities | 10/49 | €172,791 | €166,185 | -€6,607 | -3.8% |
| Equity | 10/15 | €161,748 | €159,729 | -€2,019 | -1.2% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €153,387 | €151,368 | -€2,019 | -1.3% |
| Distributable reserves | 133 | €153,387 | €151,368 | -€2,019 | -1.3% |
| Profit (loss) carried forward | 14 | €302 | €302 | = | 0.0% |
| Amounts payable | 17/49 | €11,043 | €6,455 | -€4,588 | -41.5% |
| Amounts payable within one year | 42/48 | €11,043 | €6,455 | -€4,588 | -41.5% |
| Trade debts | 44 | €3,601 | €741 | -€2,860 | -79.4% |
| Suppliers | 440/4 | €3,601 | €741 | -€2,860 | -79.4% |
| Taxes, remuneration and social security | 45 | €5,768 | €5,078 | -€690 | -12.0% |
| Taxes | 450/3 | €5,768 | €5,078 | -€690 | -12.0% |
| Other amounts payable | 47/48 | €1,674 | €636 | -€1,038 | -62.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,575 | €14,680 | +€106 | +0.7% |
| Other operating charges | 640/8 | €1,227 | €1,007 | -€220 | -17.9% |
| Gross operating margin | 9900 | €63,788 | €32,825 | -€30,963 | -48.5% |
| Operating profit (loss) | 9901 | €47,986 | €17,137 | -€30,849 | -64.3% |
| Financial income | 75/76B | €349 | €370 | +€21 | +5.9% |
| Recurring financial income | 75 | €349 | €370 | +€21 | +5.9% |
| Financial charges | 65/66B | €263 | €441 | +€178 | +67.7% |
| Recurring financial charges | 65 | €263 | €441 | +€178 | +67.7% |
| Profit (loss) for the period before taxes | 9903 | €48,073 | €17,066 | -€31,007 | -64.5% |
| Income taxes | 67/77 | €14,747 | €6,369 | -€8,378 | -56.8% |
| Profit (loss) for the period | 9904 | €33,326 | €10,697 | -€22,628 | -67.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,326 | €10,697 | -€22,628 | -67.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.